Daiwa Securities Group Inc. Lowers Stock Holdings in Paramount Group, Inc. (NYSE:PGRE)

Daiwa Securities Group Inc. reduced its stake in Paramount Group, Inc. (NYSE:PGRE) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,466 shares of the financial services provider’s stock after selling 2,390 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Paramount Group were worth $261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ieq Capital LLC purchased a new position in shares of Paramount Group in the 3rd quarter valued at approximately $48,000. Wolverine Asset Management LLC purchased a new stake in shares of Paramount Group in the third quarter valued at approximately $52,000. Paces Ferry Wealth Advisors LLC purchased a new stake in shares of Paramount Group in the third quarter valued at approximately $54,000. Caprock Group LLC purchased a new stake in shares of Paramount Group in the third quarter valued at approximately $97,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Paramount Group in the fourth quarter valued at approximately $111,000. 65.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PGRE has been the topic of a number of analyst reports. StockNews.com downgraded Paramount Group from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Morgan Stanley decreased their price target on Paramount Group from $4.70 to $4.50 and set an “equal weight” rating on the stock in a research note on Thursday, March 28th. Finally, Evercore ISI upgraded Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 target price on the stock in a research report on Monday, March 18th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.60.

Paramount Group Stock Up 1.1 %

PGRE opened at $4.67 on Friday. The business’s fifty day moving average is $4.60 and its two-hundred day moving average is $4.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.61 and a current ratio of 4.61. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -3.89, a PEG ratio of 0.25 and a beta of 1.22. Paramount Group, Inc. has a one year low of $4.06 and a one year high of $5.92.

Paramount Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.035 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.00%. Paramount Group’s dividend payout ratio (DPR) is -11.67%.

About Paramount Group

Paramount Group, Inc ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco.